Very hard to say at this early stage. With the current grades, if they can get a good sized jorc resource, probably around 5x based on other company valuations.
But I think the whole U space will 5x maybe even 10x from here. At the 2007 peak the uranium miners where worth around $140B. We are currently worth under $25B...And the outlook is much, much better then the run up in 2007.
If 92E hits the really high grades, just look at valuations of NXE, DNN or even CCJ to see what is possible. But obviously they will need a bit of luck and time to get to that stage. But if they do, with the very strong U sector tailwind on top the returns could be truly epic.
92E Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
